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20121201
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days late. terry mcsweeney, abc7 news. >>> still ahead, president obama arrives back in washington after cutting short his vacation the chilly political climate he's returning to. >>> shocking scare caught on camera what led >>> president obama is back in washington where the weather is just as frigid as the political climate inside. fiscal cliff talks appear to be going nowhere. the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for every
that washington lawmakers and the white house are closing in on a deal to avoid going over the fiscal cliff and triggering tax hikes for nearly everyone come january. karen travers reports on the president's new compromise and the republicans' back-up plan. >> reporter: negotiations to avoid the fiscal cliff are heating up. both sides are starting to make concessions. this morning speaker boehner briefed republican lawmakers on where things stand. >> i continue to hope we can reach broad area agreement. >> reporter: yesterday boehner met with president obama for about 45 minutes. last night the white house presented him a new offer. the proposal includes 1.2 trillion in tax increases, down from the original offer 1.6 trillion. extending the bush tax cuts for every american earning less than $400,000 a year instead of $250,000. >> his position is not based on the notion that these rate have to go up because that's good, it is based on the necessity of having enough revenue as part of this balanced package. >> reporter: the white house plan would limit cost of living increases for social secu
the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at front and vallejo streets where it looks quiet. if you look back the other way, rain coming in. san francisco h
in the house of representatives limiting assault weapons. >>> developing news in washington president obama just nominated senator john kerry to join his cabinet. >>> scuffle over air jordans. bay area security guard hurt as hundreds try to get a pair as hundreds try to get a pair of new [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse high speed internet for just $14.95 a month for 12 months with a one-year price guarantee. that includes acces
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